Banks Are Facing a 'Toxic Cocktail,' Kass Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 June 2017
⏱️ 60 minutes
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Summary
Doug Kass, president of Seabreeze Partners, says headwinds in the banking industry could be a "toxic cocktail." Prior to that, Peter Hooper, Deutsche Bank's chief economist, says the ECB will be tapering further by the end of the year. Charles Peabody, an analyst at Compass Point Research, says Jamie Dimon's tech investments have put JPMorgan at an advantage. Dan Yergin, IHS' vice chairman, says big oil will go through soul-searching. Finally, Texas Representative Kevin Brady says the Senate will resolve their differences and pass health care.
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| 1:19.5 | To begin this morning with Peter Hooper, he is the chief economist at Deutsche Bank and he's with this here in our Bloomberg 1130 studios. |
| 1:26.2 | Let's travel to Western Portugal if we could here to begin Peter and to the goings on there over these last couple of days. We watched with interest as |
| 1:34.0 | Mario Draghi spoke about the employment picture in Europe, about the inflation |
| 1:37.3 | picture as well and saw him and the ECB try to walk back some of what he said a |
| 1:41.4 | great lead on a Bloomberg news piece |
| 1:42.7 | this morning this is what it sounds like when doves screech what happened what do we |
| 1:46.9 | learn about the way that central bankers communicate here over these last |
| 1:49.5 | couple of days well central bankers obviously have big impacts on the market and Mr. |
| 1:54.8 | Draghi had to correct perceptions a little bit yesterday. |
| 1:58.8 | People getting a little interpreting him as being a little bit more hawkish than I think he wanted to be. |
| 2:04.6 | So, no, we're going to take our time and moving towards balance sheet normalization, |
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